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CS - Two projects off Eastern Canada delayed on market volatility - April 2020

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Equinor and Husky Energy have postponed the development of the 300 MMbo Bay du Nord project in the Flemish Pass Basin off Newfoundland and Labrador because of the recent collapse of oil prices and the coronavirus pandemic. The Norwegian producer, which operates the project with 65% WI, said planning going forward will be based on a newbuild FPSO and that the company will develop an adjusted work program based on a new schedule. The......
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